Northern Trust Corp trimmed its stake in shares of Vista Outdoor Inc (NYSE:VSTO) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,021 shares of the company’s stock after selling 3,760 shares during the quarter. Northern Trust Corp owned approximately 1.21% of Vista Outdoor worth $10,812,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in VSTO. Jane Street Group LLC acquired a new position in Vista Outdoor in the 1st quarter valued at approximately $172,000. NumerixS Investment Technologies Inc increased its position in Vista Outdoor by 34.9% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 11,200 shares of the company’s stock valued at $177,000 after acquiring an additional 2,898 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Vista Outdoor by 140.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,441 shares of the company’s stock valued at $187,000 after acquiring an additional 6,681 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Vista Outdoor in the 2nd quarter valued at approximately $188,000. Finally, Bank of Montreal Can increased its position in Vista Outdoor by 262.4% in the 2nd quarter. Bank of Montreal Can now owns 13,187 shares of the company’s stock valued at $204,000 after acquiring an additional 9,548 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.
Shares of NYSE VSTO opened at $13.78 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.69 and a debt-to-equity ratio of 0.63. Vista Outdoor Inc has a 52-week low of $12.49 and a 52-week high of $20.04. The company has a market capitalization of $805.40 million, a price-to-earnings ratio of 27.56 and a beta of 0.40.
Vista Outdoor (NYSE:VSTO) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. Vista Outdoor had a negative net margin of 2.13% and a negative return on equity of 0.19%. The company had revenue of $546.60 million for the quarter, compared to analyst estimates of $541.20 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, research analysts expect that Vista Outdoor Inc will post 0.25 earnings per share for the current year.
VSTO has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Vista Outdoor from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research report on Tuesday. ValuEngine cut shares of Vista Outdoor from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Roth Capital set a $19.00 price target on shares of Vista Outdoor and gave the company a “hold” rating in a research report on Saturday, August 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.90.
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About Vista Outdoor
Vista Outdoor Inc designs, manufactures, and markets consumer products for outdoor sports and recreation markets in the United States and internationally. The company operates through Outdoor Products and Shooting Sports segments. The Outdoor Products segment offer sports products for action sports, including helmets, goggles, and accessories for cycling, snow, action, and power sports; archery/hunting accessories, such as hunting arrows, game calls, hunting blinds, game cameras, and waterfowl decoys; outdoor cooking solutions for camping; eyewear and sport protection products, including safety and protective eyewear, and fashion and sports eyewear; golf products, such as laser rangefinders; hydration products comprising hydration packs and water bottles; optical products, such as binoculars, riflescopes, and telescopes; shooting accessories, including reloading equipment, clay targets, and premium gun care products; tactical products, such as holsters, duty gear, bags, and packs; and water sports products, including stand up paddle boards.
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